Marketable Equity Securities Available for Sale

3 Months Ended

Sep. 30, 2016

Investments, Debt and Equity Securities [Abstract]

Marketable Equity Securities Available for Sale

NOTE 3 – MARKETABLE EQUITY SECURITIES AVAILABLE FOR SALE

The Company’s marketable securities are classified as available-for-sale and, as such, are carried at fair value. All of the securities are comprised of shares of common stock of the investee. Securities classified as available-for-sale may be sold in response to changes in interest rates, liquidity needs, and for other purposes. These marketable securities are quoted on the OTC markets and are accounted for in accordance with the provisions of SFAS No. 115.

Marketable securities held by the Company and classified as available for sale as of September 30, 2016 consisted of 34,010,106 shares of Myson Group, Inc. (formerly Vanguard Mining Corporation), a public company quoted on the OTC Markets (Trading symbol “MYSN”) and 389,400,000 shares of Sports Pouch Beverage Co., a public company quoted on the OTC Markets (Trading symbol “SPBV”). The Company owns 292,050,000 shares of SPBV and will return 97,350,000 of the total 389,400,000 SPBV shares to the client company. The fair value of the shares recorded as of September 30, 2016 was $456,686 (including 97,350,000 shares of SPBV to be returned to the client company).

Securities Available for Sale	Level 1		Level 2		Level 3			Total
September 30, 2016		-	$	35,619	$	421,067		$	456,686
June 30, 2016	$	-	$	60,054	$	323,717	*	$	383,770	*

* Excluding 97,350,000 shares of Sports Pouch Beverage Company’s common stock held by the Company and to be returned to the client company.